EURGBP Closes Sharply Lower Following Key Test

Yesterday’s drop in the EURGBP is a perfect example of why I don’t buy upside breaks of bullish exhaustion patterns. I first commented on the 4-hour rising wedge on August 16th. At the time the pair was trading at 0.9104 and was well within the confines of the structure. Instead of breaking lower as...

EURGBP Closes Sharply Lower Following Key Test